Sinclair Said Aiming to Buy Tribune for High $30s a Share

Sinclair Broadcast Group Inc. is aiming to acquire Tribune Media Co., owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Sinclair is working to finalize a deal on or before the same day Tribune reports first-quarter earnings, which is slated for the week of May 8, said the people, who asked not to be identified discussing private information.

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